Treasury Department regulators have granted World Liberty Financial, the Trump family-linked cryptocurrency enterprise, conditional approval to begin operating as a federally chartered trust bank. The status change provides “new powers and federal credibility” to an enterprise in which the Trump family retains a “substantial financial interest,” said Politico. But the prospect of Trump administration officials clearing a regulatory path for the president’s family businesses has many Democrats and ethics groups warning against corruption on a massive scale.‘Pretty unprecedented’ arrangement
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